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Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:10 EDTANDEAndersons to reduce investment in Lansing Trade Group
The Andersons has entered into an agreement with Lansing Trade Group for a partial redemption of The Andersons' equity investment in LTG. The redemption would reduce The Andersons' ownership interest in LTG from approximately 47% to 39% on a fully diluted basis. The redemption is expected to close in Q1.
News For ANDE From The Last 14 Days
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September 16, 2014
09:26 EDTANDEAndersons estimates raised and remain above Street at BB&T
BB&T raised Andersons's 2014 EPS estimate, which remains above the Street, and initiated a 2015 EPS Street high estimate due to increased confidence in the 2014 crop and ethanol. The firm recommends using recent weakness as a buying opportunity and views concerns over FSA acreage as overblown. Shares are Buy rated with a raised price target of $74.
September 11, 2014
12:03 EDTANDEUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
September 4, 2014
14:23 EDTANDEAndersons initiated with a Neutral at Janney Capital

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